[Gen-AI Analysis] Jidosha Buhin Kogyo Co., Ltd. Business Report FY ended 2014 - MarkLines Automotive Information & Gen-AI Platform

Jidosha Buhin Kogyo Co., Ltd. Business Report FY ended Mar. 2014

Business Highlights

Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2014	FY ended Mar. 31, 2013	Rate of Change (%)	Factors
Overall
Sales	61,270	57,207	7.1	-Primarily, due to reconstruction demand in the domestic and public works projects.
Operating income	2,535	2,313	9.6	-Significant increase in sales
Ordinary income	3,131	3,083	1.6
Current net income	2,390	1,867	28.0

Three-way administrative merger

-The Company, I Metal Technology and TDF Corporation consolidated their operations through establishing a joint holding company by jointly transferring their equity shares. In Oct. 2013, IJT Technology Holdings Co., Ltd. was established, and these three companies become wholly own subsidiaries of the Company.

R&D

R&D Activities

-Under its partnership with JBK Services, which mainly involves R&D activities, the Company is jointly researching and developing automotive parts used in diverse powertrains.
-Part of the activities in advanced technological products are being conducted jointly with Isuzu.

Developed various types of propeller shafts primarily for medium and light-duty trucks
Power take off systems to meet various needs for mounting
Engine components like rocker arms and flywheels
Propeller shafts and drive plates for compact vehicles targeted at the overseas markets
Engineered engine components for fuel efficient vehicles
Conducted assessment of new engines that operate on next generation fuels.

Product Development

Develop suspension modules for middle and heavy-duty trucks
-IJT Technology Holdings Co., Ltd. (IJTT) will develop suspension modules for middle and heavy-duty trucks. IJTT will establish integrated production system for materials, processing and assembly by utilizing the technologies of its three affiliates: casting technology of I Metal Technology Co., Ltd., forging technology of TDF Corporation, and assembling technology of Jidosha Buhin Kogyo Co., Ltd. The modules will be proposed to commercial vehicle manufacturers and construction machinery makers outside the Isuzu Group, including foreign makers. (From an article in the Nikkan Jidosha Shimbun on February 27, 2014)

Investment Activities

New Facilities (automotive parts business)

-During fiscal year ending Mar. 31, 2015, the Company plans to invest 1,550 million yen to industrial engine and truck parts production facilities and seismic strengthening of the buildings at headquarters and Ebina Plant.